GLFN (McHenry Metals Golf) Total Assets : $0.10 Mil (As of Sep. 2001)

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What is McHenry Metals Golf Total Assets?

McHenry Metals Golf's Total Assets for the quarter that ended in Sep. 2001 was $0.10 Mil.

Total Assets is connected with ROA %. McHenry Metals Golf's annualized ROA % for the quarter that ended in Sep. 2001 was -270.63%. Total Assets is also linked to Revenue through Asset Turnover. McHenry Metals Golf's Asset Turnover for the quarter that ended in Sep. 2001 was 0.08.

McHenry Metals Golf Total Assets Historical Data

The historical data trend for McHenry Metals Golf's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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McHenry Metals Golf Total Assets Chart

McHenry Metals Golf Annual Data

Trend

Dec99

Dec00

Total Assets

0.98

0.44

McHenry Metals Golf Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01
Total Assets	Get a 7-Day Free Trial			0.77	0.44	0.24	0.17	0.10

McHenry Metals Golf Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

McHenry Metals Golf's Total Assets for the fiscal year that ended in Dec. 2000 is calculated as

Total Assets	=	Total Equity (A: Dec. 2000 )	+	Total Liabilities (A: Dec. 2000 )
	=	-1.925	+	2.365
	=	0.44

McHenry Metals Golf's Total Assets for the quarter that ended in Sep. 2001 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2001 )	+	Total Liabilities (Q: Sep. 2001 )
	=	-2.09	+	2.189
	=	0.10

McHenry Metals Golf (OTCPK:GLFN) Total Assets Explanation

Total Assets is connected with ROA %.

McHenry Metals Golf's annualized ROA % for the quarter that ended in Sep. 2001 is

ROA %	=	Net Income (Q: Sep. 2001 )	/	( (Total Assets (Q: Jun. 2001 )	+	Total Assets (Q: Sep. 2001 ))	/ count )
	=	-0.364	/	( (0.17	+	0.099)	/ 2 )
	=	-0.364	/	0.1345
	=	-270.63 %

Note: The Net Income data used here is four times the quarterly (Sep. 2001) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

McHenry Metals Golf's Asset Turnover for the quarter that ended in Sep. 2001 is

	Asset Turnover
=	Revenue (Q: Sep. 2001 )	/	( (Total Assets (Q: Jun. 2001 )	+	Total Assets (Q: Sep. 2001 ))	/ count )
=	0.011	/	( (0.17	+	0.099)	/ 2 )
=	0.011	/	0.1345
=	0.08

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

McHenry Metals Golf Total Assets Related Terms

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McHenry Metals Golf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » McHenry Metals Golf Corp (OTCPK:GLFN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

4502 Marquette Avenue, Jacksonville, FL, USA

Website

http://www.mchenrymetals.com

McHenry Metals Golf Corp designs, develops and markets golf clubs. The company's products include drivers, hybrids, wedges, woods and other accessories related to golf.

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